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3 July 2020

Hydrocarbons encountered in the Dugong well (PL 882) operated by Neptune Energy

Reference is made to the stock notice on 17 June.

Upon entering the reservoir, logs and cuttings have identified hydrocarbons and a decision has been made to initiate coring. The operations in the reservoir section are still at an early stage and final results are not yet available.

A contingent side-track may be drilled to delineate the extent of any discovery.